The Iraqi Minister of Electricity, Ziad Ali Fadhil, announced the signing of a contract for the supply of Turkmen gas to Iraq, which will provide 10 million cubic meters in winter and 20 million in summer. The agreement emphasizes quick implementation, gas supply compensation in case of disruptions, and strengthens bilateral energy relations between Iraq and Turkmenistan.
The Minister of Electricity, Ziad Ali Fadhil, announced today the signing of a significant contract for the supply of Turkmen gas to Iraq, held under the auspices of Prime Minister Mohammed Shia al-Sudani. This initiative is part of the government’s broader energy diversification program, illustrating Iraq’s commitment to enhancing its energy resources. Minister Fadhil highlighted that the agreement, made in the presence of the Turkmen Minister of Energy, will facilitate the delivery of 10 million cubic meters of gas in winter and up to 20 million cubic meters during summer months through gas pipelines into Iraq via Iran. Minister Fadhil also stressed the importance of swift implementation through the Trade Bank of Iraq and pointed out a crucial provision in the contract: in case of any supply disruptions, an equivalent quantity of gas will be compensated. He elaborated that this agreement addresses numerous challenges by establishing a reliable gas supply system and allowing the Iraqi government to develop its own energy fields in the future. Further, he emphasized that the contract will ensure operational efficiency during summer months, thereby raising production levels. In his remarks, Turkmenistan’s State Minister for Gas Affairs, Maksad Babayev, expressed gratitude to the Iraqi government for its support, emphasizing the positive outcomes of strengthened energy relations between the two nations.
The contract to supply Turkmen gas to Iraq marks a strategic development in Iraq’s energy diversification efforts. This agreement is essential not only for enhancing gas supply stability but also for reducing dependency on a limited number of energy sources. Iraq has been working to improve its energy infrastructure and secure a broader range of energy supplies to adequately meet the growing demands of its economy and population. By integrating Turkmen gas into its energy mix, Iraq aims to improve energy security and foster economic growth, while the collaboration also strengthens diplomatic and trade ties between Iraq and Turkmenistan.
In conclusion, the signing of the contract for Turkmen gas supply underscores Iraq’s proactive approach to diversify its energy sources and secure reliable supply channels. The provisions within the agreement, particularly regarding supply compensation and local energy development, illustrate a comprehensive strategy aimed at enhancing Iraq’s energy stability and addressing existing challenges in the sector. Furthermore, the collaborative spirit between Iraq and Turkmenistan promotes stronger bilateral relations, paving the way for future cooperative endeavors in the energy domain.
Original Source: ina.iq
